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Chinese Higer Bus To Produce Electric Buses in Brazil by 2023
This Chinese OEM confirmed the plans to start the production of its vehicles in Brazil by 2023 after the initial phase of importing the first units in 2022. In 2021, road tests of the Azure A12BR will take place in São Paulo using the regular city bus fleet.
Source: Automotive Business Read The Article
PSR Analysis: Higer Bus has announced an investment of US$ 10 million for production infrastructure but it has not announced the location of the manufacturing facility. Although…
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Stellantis Confirms Second Electric LCV in Brazil
Soon after the recent launch of the Peugeot e-Expert, Stellantis announced the Citroën e-Jumpy on Friday Nov. 12. Price, drives, batteries configuration, autonomy have not been announced yet. However it announced the growth expectations from 1.2% Market Share to 4% with the new electric launches.
Source: Automotive Business Read The Article
PSR Analysis: Although it has not been announced, the most likely scenario is that Citroën e-Jumpy will use the same configuration as its…
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Global Economy On the Path To Economic Recovery, Despite Increased Uncertainty
Yosyf Sheremeta The global economy is on a healthy rebound trend, but issues with supply chain, logistics and the re-surgency of COVID-19 during Q3 2021 remained. Power Systems Research witnessed a strong economic recovery globally in H1 2021; however, many challenges still remain. The rebound will continue to vary widely among different regions/countries, but a complete recovery is not expected until the global pandemic is under control. With some minor changes among regions and market segments globally, our overall forecast from last quarter remains in place, and that is good news to our industry players, OEMs, powertrain, and component suppliers.
The global economic performance last quarter was in line with our initial projections from earlier this year. As we projected last quarter, we did not expect any rapid economic recovery in H2 2021, however, we continued to witness a steady increase in economic activities. During the last quarter of 2021 Power Systems Research expects this trend to remain in place.
Government support in the form of fiscal policies and public health management are driving the economic rebound and largely explain variations in performance across countries. With the targeted monetary support to consumers and certain industries, the demand for products and services globally is coming back, and we expect this trend to carry over into Q1 2022.
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Subsidy Program for Scrapping Diesel Vehicles Ineffective
FAR EAST: SOUTH KOREA REPORT
About half of those who received South Korean government aid to scrap their old diesel vehicles early have purchased diesel vehicles again, according to a new study. The government spent 845.4 billion won (about 79.6 billion yen) in the last five years (2016-2020) to scrap 959,000 aging diesel vehicles, but the number of all diesel vehicles increased by 9% during the same period. The government has pointed out that diesel vehicles are the main culprit of particulate matter…
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Volkswagen Truck and Bus and CBMM To Develop Niobium Battery for EV
Volkswagen Truck and Bus, part of the Traton Group, and CBMM, a Brazilian giant of niobium mining, announced an agreement to develop batteries with Niobium for Electric Vehicles. It promises to recharge a Truck Battery in less than 10 minutes and provide a traveling higher range. Volkswagen will start tests in 2022 to develop a functional vehicle with Niobium batteries by the end of 2022.
Source: Revista Oeste Read The Article
PSR Analysis: Primarily used to improve the strength…
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Komatsu To Expand Autonomous Truck Operation in Brazil
In line with global trends of automatization, Komatsu is expanding its autonomous Truck operation in Brazil. It already has six trucks operating in the mining complex of Carajás (PA) and other four trucks will be introduced this year. Komatsu says the autonomous driving technology brings 40% savings on tires and brakes, 13% on overall maintenance and 15% on productivity, considering the elimination of stops for driver changing and rest.
Source: M&T Read The Article
PSR Analysis:…
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Q3 2021 Truck Production Index (PSR-TPI) Falls 10.7%
St. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) dropped from 131 to 117, or 10.7%, for the three-month period ended Sept. 30, 2021, from Q2 2021. The year-over-year (Q3 2020 to Q3 2021) loss for the PSR-TPI was 141 to 117, or 17%.
Except for China, all regions are expected to experience solid commercial vehicle demand growth this year and into 2022. Chinese heavy truck demand is expected to decline this year primarily due to the implementation of…
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Russia Economic Outlook – October 2021
Maxim Sakov
Market Consultant Russia
Maxim Sakov, Market Consultant-Russia for Power Systems Research, discusses his Q3 2021 economic outlook for Russia in this episode of PSR PowerTALK.
Transcript
Welcome to the PSR PowerTALK podcast produced by Power Systems Research.
00:06 Emiliano Marzoli
Hello everyone. From Power Systems Research, I’m your host, Emiliano Marzoli, editor of PSR PowerTALK. And today we’ll discuss the economic outlook for Russia with Maxim Sakov, our market consultant in Moscow.
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Second Wave of COVID-19 Hits India Commercial Vehicle Market
Aditya Kondejkar The second wave of COVID-19 has put the brakes on a rebound in India’s commercial vehicle market, reports Aditya Kondejkar, Power Systems Research Analyst for South Asia Operations, in the May 2021 issue of Motorindia magazine.
Kondejkar notes that the second wave of the pandemic has caused shortages of semiconductors and steel as well as weaker consumer demand. These forces have pushed commercial vehicle production down nearly 60% month-on-month (MoM) in April.
Kondejkar points out that the India CV market witnessed a strong performance in 2018 with more than 1.13 million
units produced, owing in large part to GST implementation and replacement demand. In 2019, however, the Indian CV market began shrinking as it faced headwinds from revised axle load norms, vehicle over-capacity, BS-VI transition, and a liquidity crunch. -
Mercedes Announces BEV Bus for Brazil
Fabio Ferraresi Mercedes says it has committed an investment of US$ 20 million for the launch of the eO500U, the first electric bus by the German OEM, the market leader in Brazil. Roberto Leoncini, Sales Director said that Mercedes opted for beginning the electrification of the MHV segment by the Bus products because it has higher impact on the population.
One of the key drivers for this launch is the new legislation for São Paulo city that aims to convert 50% of the fleet to electric by 2027. This…
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